International Netherlands: The Fed's decision is overall unfavourable information for the US dollar.

Jin10 data September 18 - Francesco Pesole of ING stated in a report that the Fed's interest rate decision on Wednesday is overall unfavourable for the dollar. The Fed lowered rates by 25 basis points as expected, but Chairman Powell did not dispel market concerns about inflation and described this rate cut as a “risk management-based cut.” Pesole noted that although Powell's tone was cautious, the Fed has signaled that multiple rate cuts will occur, with the current policy focus on the weak labor market. We predict two more 25 basis point cuts this year; we believe that the decrease in the dollar's financing costs will further drive the dollar's depreciation during the already seasonally weak year-end period.